Romney has millions in Cayman offshore accounts

| 19/01/2012

Mitt-Romney.jpg(CNS Business): The news team of one of the major US network television stations has focused on presidential hopeful Mitt Romney’s offshore accounts in the Cayman Islands, which they say has enabled him to pay a low 15% on his earnings. The front runner for the Republican candidacy, Romney’s personal wealth, estimated at around $250 million, has come under increasing scrutiny as his GOP rivals, looking for attack material to lessen his lead in the nomination race, have made this a campaign issue. Homing in on this new point of contention between the candidates, ABC News has run a feature on Romney’s low taxes, sending a TV crew to Cayman, which they call “a notorious Caribbean tax haven”. Read more on CNS Business

Category: Business

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